In trading on Friday, shares of Enbridge Inc’s Cumulative Redeemable Preference Shares, Series 3 (TSX: ENB-PRY.TO) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.322), with shares changing hands as low as $18.85 on the day. As of last close, ENB.PRY was trading at a 23.20% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.
The chart below shows the one year performance of ENB.PRY shares, versus ENB:
Below is a dividend history chart for ENB.PRY, showing historical dividend payments on Enbridge Inc’s Cumulative Redeemable Preference Shares, Series 3:
Free Report: Top 8%+ Dividends (paid monthly)
In Friday trading, Enbridge Inc’s Cumulative Redeemable Preference Shares, Series 3 (TSX: ENB-PRY.TO) is currently off about 0.1% on the day, while the common shares (TSX: ENB.TO) are off about 4.1%.
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